INVESTMENT WATCH-

Qatar eyes renewables investment in Morocco: Qatar’s Estithmar Holding is exploring investments in renewable energy, water management, and the marine sector in Morocco, according to a statement. Estithmar will assess projects included in Morocco's water management strategy such as completing dam construction, establishing inter-basin water connection networks, and using renewable energy to power seawater desalination.

GREEN FINANCE-

UAE’s Fils + TPS cooperate on greenifying Pakistan’s banking sector: Dubai-based software developer Fils is partnering with global digital banking and payments solution provider TPS to provide its offerings in Pakistan, “embedding climate action at the core of digital financial services,” according to a press release. TPS's network will gain tools to track environmental impact, mitigate emissions, and report progress. The collaboration will allow access to carbon credits via TPS, while Fils’ blockchain tech will ensure transparency in emissions and carbon credit tracking.

Fils is active across the region: Fils's partnerships include Saudi fintech Cashin KSA, Saudi SME fintech Geidea, and Emirati banking group Mashreq.

MINING-

Tadawul-listed miner Almasane Alkobra (Amak) was awarded a copper and zinc exploration license from the Industry and Mineral Resources Ministry, it said in a disclosure to Tadawul. Amak said it will conduct necessary exploration surveys to ensure the availability of copper and zinc at the concession area located next to the Guyan extension exploration license and the current Jabal Guyan gold mining license.

Tags: